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A limited number of U.S. Mercedes-Benz EV drivers will soon have access to Drive Pilot, a driver-assistance system that Mercedes claims will let drivers take their eyes off the road in certain situations. Drive Pilot promises to advance self-driving capability because it’s what Mercedes claims is an SAE Level 3 system offering “conditionally automated driving.” In this case, that means drivers can take their hands off the wheel at low speeds on pre-mapped highways, but also take their eyes off the road—something that isn’t allowed with Level 2 systems. Drive Pilot launched in Germany last year, but this week Mercedes…
BYD’s sales continued to grow in China, while Ford’s sales declined in Europe and the US. https://img.cnevpost.com/2023/09/28183057/2023092810305684.mp3 BYD (OTCMKTS: BYDDY) replaced Ford as the world’s fourth best-selling auto brand last month, as the latter’s sales slumped in Europe and the US, market research firm TrendForce said in a report today. In August, vehicle sales in 37 markets worldwide totaled 5.55 million units, up about 1 percent from July, according to the report. The composition of the top 10 auto brands was the same as last month, with Toyota, Volkswagen and Honda in the top three. August is a slow month…
In Europe, Würth will support the customization of Nio’s mobile service vehicles and help Nio develop its sales, after-sales service and energy replenishment network through its integrated stores. https://img.cnevpost.com/2023/09/28174950/2023092809495049.mp3 Nio (NYSE: NIO) has signed an agreement with Germany’s Würth Group to work together in Europe as well as in China. The Chinese electric vehicle (EV) maker signed a global strategic cooperation agreement with Würth on September 14 at the latter’s headquarters in Künzelsau, with Nio founder, chairman and CEO William Li attending the signing ceremony, according to a press release by Würth today. Nio did not issue a press release…
Tesla will sell cars in Chinese e-commerce giant JD.com’s online mall to boost sales, according to local media. https://img.cnevpost.com/2023/09/28161929/2023092808192962.mp3 (Image credit: CnEVPost) Tesla (NASDAQ: TSLA) will sell cars in Chinese e-commerce giant JD.com’s online mall to boost sales, a new report said. The US electric vehicle (EV) giant will start selling cars on JD.com in the near future, when customers will be able to pay deposits for Tesla models on the e-commerce platform, local media outlet LatePost said in a report today. The effort is currently moving forward, and after a while consumers will be able to order Tesla vehicles…
The facelifted Tesla Model 3, also known as “Project Highland,” made quite a splash when it debuted late last month, putting an end to all the speculation, spy shots, and rumors surrounding the most affordable EV made by the Austin-based brand. Some of the headlining comfort-related features of the new Model 3 are the improved dampers and the greenhouse that’s now made up entirely of acoustic glass, as opposed to the non-facelift car that only gets noise-repelling glass on the windshield and front windows. Another thing that might have gone under the radar for some people who are looking to…
New short positions in Chinese ADRs so far this month were the highest monthly short-selling flows in 2023, with Nio being the most shorted, Morgan Stanley said. https://img.cnevpost.com/2023/09/28113828/2023092803382870.mp3 With US interest rates on the rise and global growth stocks underperforming, Nio (NYSE: NIO) is the most shorted US-listed Chinese stock this month, according to Morgan Stanley. As of September 22, the newly added short positions on Chinese ADRs are up to $2.1 billion so far this month, which is already the highest monthly short-selling flow in 2023, Morgan Stanley analyst Gilbert Wong’s team said in a September 25 note, citing…
Nio had 26,763 full-time employees at the end of 2022, including 26,366 in China and 397 overseas. https://img.cnevpost.com/2023/09/28101753/2023092802175399.mp3 Since its inception in 2014, all of Nio’s (NYSE: NIO) employees have owned stock in the electric vehicle (EV) maker, according to its 2022 ESG (Environmental, Social and Governance) report. “Nio has achieved 100% shareholding by all employees every year since the establishment of the company until the end of 2022,” the company wrote in the report, which was released on September 25. Nio implements an employee stock ownership plan to stimulate employees’ enthusiasm, creativity, and sense of belonging, the company said.…
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Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! Plugin vehicles continue to rise in France, with last month’s plugin vehicle registrations ending at 29,184 units, divided between 19,657 BEVs (or 17% share of the overall auto market) and 9,527 PHEVs (8% share of the auto market). The former jumped 60% year over year (YoY), while the latter were up by 55%. Looking at the remaining powertrains, while petrol is kind of hanging on (38% share this August vs. 39% a year ago), diesel is in freefall (9% now vs. 16% a year…
California-based e-bike manufacturer Ride1Up continues to impress with its growing selection of electric bicycles. The newest on its list? The Prodigy V2, an evolution of its popular Prodigy mid-drive electric bicycle. The new model is now better equipped to handle the rigors of both the city and beyond the beaten path. It’s offered in both step-through and step-over designs, so it’s approachable to riders of all shapes and sizes. Right off the bat, the new Prodigy V2 now comes standard with front suspension, so you can ride confidently knowing that the bike’s got you covered even if your proclivity for…